440 Investment Group LLC increased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,579 shares of the semiconductor company’s stock after buying an additional 250 shares during the period. 440 Investment Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $754,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% in the first quarter. Vanguard Group Inc. now owns 39,143,222 shares of the semiconductor company’s stock worth $1,285,463,000 after buying an additional 2,272,816 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 22.3% in the second quarter. Fisher Asset Management LLC now owns 34,471,281 shares of the semiconductor company’s stock worth $1,205,116,000 after buying an additional 6,281,847 shares in the last quarter. Sanders Capital LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.7% in the second quarter. Sanders Capital LLC now owns 31,983,753 shares of the semiconductor company’s stock worth $1,222,134,000 after buying an additional 852,580 shares in the last quarter. FMR LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 5.9% in the first quarter. FMR LLC now owns 29,138,407 shares of the semiconductor company’s stock worth $956,904,000 after buying an additional 1,612,234 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the first quarter. Lazard Asset Management LLC now owns 26,426,435 shares of the semiconductor company’s stock worth $867,842,000 after buying an additional 260,704 shares in the last quarter. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at 36.14 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.20 and a 52-week high of $36.96. The firm’s 50-day moving average is $35.78 and its 200-day moving average is $33.84. The firm has a market capitalization of $187.42 billion, a P/E ratio of 16.28 and a beta of 0.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.65%. The business had revenue of $213.86 billion during the quarter, compared to analyst estimates of $214.25 billion. During the same period last year, the firm posted $2.80 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current year.

The firm also recently declared an annual dividend, which was paid on Thursday, July 20th. Shareholders of record on Wednesday, June 28th were paid a $0.927 dividend. The ex-dividend date was Monday, June 26th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. This represents a yield of 3.25%. Taiwan Semiconductor Manufacturing’s payout ratio is 42.59%.

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TSM has been the topic of a number of research analyst reports. Rosenblatt Securities set a $27.00 price objective on shares of Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a report on Saturday, April 15th. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. Credit Suisse Group downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Finally, HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Taiwan Semiconductor Manufacturing has a consensus rating of “Hold” and an average target price of $31.67.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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